look, people warned katrina that new orleans needed to be able to withstand a category 5. they didn't design the levees to withstand it and we see what happened. now we see the same thing with sandy. i think the hope has to be at sandy isn't short for cassandra and that it's another warning that we ignore. absolutely people nat have seen that you c in fact have the worst-case scenario, which was flooding of the lower manhattan and i think any city along the eastern sea board has ask-to-ask themselves what would happen if us?icane sandy hit >> suarez: well, how do we price risk, then, into the decisions we make both publicly and privately. should there with b places in new jersey, in new york, where insurance companies say "we for you toto pay rebuild right there"? where the cost of doing so becomes higher and maybe prohibitive for some people? >> there probably should be, yes, because the alternative is we kp enticing people to place more and more of theip value, weal in more of their fragile co-systems or fragile areas of the enviwenment if we don't give them the proper p